Blackrock Muniholdings California Quality Fund, Inc. Reports Earnings Results for the Half Year Ended January 31, 2019
April 05, 2019 at 11:45 am EDT
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BlackRock MuniHoldings California Quality Fund, Inc. announced earnings results for the half year ended January 31, 2019. For the half year, the company announced total revenue was USD 19.602 million. Net income was USD 2.247 million.
BlackRock MuniHoldings California Quality Fund, Inc. (the Fund) is a closed-end management investment company. The Fund's investment objective is to provide shareholders with current income exempt from federal and California income taxes. The Fund seeks to achieve its investment objective by investing primarily in municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and California personal income taxes. The Fund invests approximately 80% of its assets in investment-grade municipal obligations with remaining maturities of over one year at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives. The Fund invests in a range of sectors, including transportation, education, state, tobacco, housing, corporate, county/city/special district/school district, health, and utilities. The Fund's investment advisor is BlackRock Advisors, LLC.